SANTA MONICA, Calif., May 9, 2022 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE:MAC) declared a quarterly cash dividend of $.15 per share of common stock. The dividend is payable on June 3, 2022 to stockholders of record at the close of business on May 20, 2022.

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT), which focuses on the acquisition, leasing, management, development, and redevelopment of regional malls throughout the United States.

Macerich currently owns 48 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence on the West Coast, and in Arizona and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for seven straight years (2015 – 2021). Additional information about Macerich can be obtained from the Company's website at www.Macerich.com.

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SOURCE Macerich Company